The Emporia weekly news. [volume] (Emporia, Kan.) 1881-1889, 1887-07-21
Ounss Trade Review.

New YORK, July 15.-R. G. Dun s.
Co., in their weekly review of trade
say: Exports OF breadstuffs, cotton,
animals and animal products and Pc
troleum in June, were $32 ,06S, 277
against S3S ,638, 224 for the same month
last year. Breadstuffs increased So
800 900, cattle S271 900. Cotton de-
creased SO, 100,0 GOO, provisions 800, 600
and oil 1914, 900. With other exports
the same as last year the aggregate for
June would be $50, 000, 900 against
about $59, 0OO, 600 imports, making the
excess of imports for three months $40,-
000, 600. Cotton held above
foreign markets accounts for
S25, 900, 900 of this loss, and the recent
failures indicate that this speculation
was not wiser than the one in wheat.
The unloading of those who had
bought wheat after Kershaw'S failure
has depressed No. 2 red here to 824, a
fall of over cents for the week and 243
of 153, 629 900 bushels for the past year,
the stock carried over includes "a ,0O0,-
600, the visible supply s 900, 900 bushels
in California and certainly 10000, 600
in farmers hands, besides all the -four
on hand are facts which establish the
correctness of estimates made two
months ago that the surplus would ex-
coed 80, 900 bushels.
In spite of railroad earnings, which
gained Is per cent. in June, and en-
couraging assurances by prominent
men, and continued proof that the In
ter-State Act is not to be so construed
by courts as to do all the harm appre-
hended, prices of stocks have been
lower. The market depends, not upon
values or earnings, but on individual
notions as to the question whether the
famous Ives deal is merely undealt, or a
misdeal. it is the case of a row of
bricks on end. If one banker calls a
doubtful loan he fears that it will cause
other calls and topplingover all along
the line, so everybody waits for the
market and the market waits for long
promised settlements to materialize.
Why investors are not buying statistics
of new buildings and real estate sales
may explain. If the country has in six
months invested $400, 600, 900 in new
buildings, 500, 1000, 600 in developing
Southern manufactures and mines be-
sides the cost of buildings and
as much more in the rest of the
country land 500, 600, 600 in new railroad
building it cannot have an unlimited
sum to employ in lifting prices of Sc
curities. The cash outside the treas
ury and banks with the deposits
amounted 81, 162, 600 year ago or $3.50
per capita, and now amount to 81. 1885,
900 or 1910 per capita. The present
prices of stocks less assessments paid,
are about 2 per cent. higher than year
ago. Pork is SO per cent. higher, cot
ton 10 per cent. higher, steel rails 10
per cent. higher, wheat per cent.
lower. corn per cent. lower, lard 8 per
cent. lower and beef Is per cent. lower.
From all interior points trade reports
are favorable considering the season
and collections fair. Money is trifle
easier at Nashville, in good demand at
Cleveland and plenty at Kansas City
and Detroit. Unusual activity in to-
bacco is noted at Cincinnati. A syndi-
cate is said to have bought for So, 000,-
600 third of Kentucky's blue grass
crop.
Iron is stronger. The New York
statement of the iron production is co.
900 tons less for the half year than
the Pittsburg account, which would
make the half years consumption of
domestic and imported iron and steel
4 ,25S 900 tons, against 1916, 900 for the
first half of 1886.
Some stringency at Western points
affects prices of wool. Wool tricots
are much depressed, sale of $500, 600
pieces being noted at 424 cents, against
So cents last year, and one house opens
light weight cheviots at S1.25, which
were reduced to 81 81 last year.
In the cotton branch dry goods prices
are well maintained.
The business failures during the last
seven days number for the United
States I49, for Canada 80, total 179,
compared with 154 last week, and 1873
for the corresponding week of last